trending Market Intelligence /marketintelligence/en/news-insights/trending/KpF-nwZeePQnAA-CXhcZ1A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

FAIR Plan president asks Calif. regulator to back off recent order

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

FAIR Plan president asks Calif. regulator to back off recent order

The head of California's fire insurer of last resort has asked the state regulator to withdraw a rule change mandating that the program offer more comprehensive insurance coverage.

Anneliese Jivan, president of the FAIR Plan, in a letter to the California Department of Insurance, said the association has seen no demand from brokers to include coverage for things like water damage, liability and theft as an add-on to backstop fire insurance, which the recent order requires.

Commissioner Ricardo Lara in late November mandated that the FAIR Plan, which was established for the narrow purpose of providing fire protection to those who cannot get it in the private markets, offer HO-3 coverage. Its rolls have grown since the industry paid out billions in losses from record fire losses in 2017 and 2018, and companies have chosen to drop coverage in areas of high risk.

The FAIR Plan does not have the expertise or infrastructure to include more insurance policies to its coverage, Jivan said in her letter. Brokers in the state are concerned about customers losing multiline discounts when they bundle FAIR Plan policies with other coverage available in the voluntary market, she added.

The association does agree with Lara's move to increase FAIR Plan residential limits to $3.0 million from $1.5 million. The FAIR Plan also supports his order's push toward diverse payment options through credit cards, electronic funds transfer and monthly payments, but said it cannot meet the state's Feb. 1, 2020, deadline.

The association also questioned Lara's requirement that additional payment options be made available at no further cost to consumers. The FAIR Plan should be able to pass charge fees from credit card companies through to consumers who opt to use that payment method just as the state does, Jivan wrote.